Fmr. Obama Econ. Adviser Furman: Not 'Much Progress' on Inflation, Never Had Needed Decrease Without Large Unemployment Increase

On Friday's broadcast of CNN International's "Quest Means Business," Professor of the Practice of Economic Policy at Harvard University and the Harvard Kennedy School Jason Furman, who served as Chairman of the Council of Economic Advisers under President Barack Obama and on the Council of Economic Advisers and the National Economic Council under President Bill Clinton, stated that over the last year, "We haven't seen much progress on actual inflation." And that we have never seen inflation fall the way we need it to "with unemployment anything like where it is now."